I’m going to end up broke in a few months. Give me some tips on reducing the impact. What things can I do in advance? What are things I should know? Give me some financial advice too, if you can

  • CanadaPlus@lemmy.sdf.org
    link
    fedilink
    arrow-up
    6
    ·
    edit-2
    2 days ago

    This needs more details. If you have significant assets and/or debts, it’s a legal question about bankruptcies in your jurisdiction.

    If you’re just watching your bank account slowly tick down it’s a very different question. And even there, the advice varies quite a bit by what your current lifestyle is. At one end it might be “stop going out on the town every night and you’ll be fine”, at the other we’re talking about how to stay warm and clean-ish on the streets once you lose your trailer.

    And then there’s the possibility it’s something directly fixable, too, like you just have a ton of credit card debt you could refinance.